TQM ensures Small Small Quality Initiatives Save Substantial Financial Losses In the Organization

tqm ensures small small quality initiatives save substantial financial losses in the organization

The renowned business management scholar, Dr Edward Deming during reviving the Japanese industries that suffered acute financial loss in World-War-II, emphasized greatly on importance of Leadership quality. Relating similar morals in Industrial context, he mentioned organization leaders as detrimental in leading Industries towards prosperity, and/or to crisis. There are several factors that adversely impact the revenue of the manufacturing sector.
 
A leader's skill forecasts possibility of errors that may occur in the business process, and promptly initiates preventive measures to tackle it. It is the leader who is vested with the responsibility of maintaining the required safety standards for the employees at work place, ensures regular inspections of equipments, have optimal machine maintenance strategy in place, and channelize quality maintenance process to cease causes of errors and defects that can arise in normal course of the manufacturing process. An efficient leadership management maintains all the vital aspects of manufacturing industry and facilitates easy flow of business operation to develop high product quality, increase productivity profits and efficiency.

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